Avanserte tema i finansregnskap og revisjon (MRR210)

Content

The course is entirely dedicated to upper secondary topics within financial accounting and auditing. As the course is upper secondary and structured thematically, the content can change from year to year - content is announced on Canvas well before the course starts. The subject is based on the knowledge students have from MRR100 (Financial Accounting) and covers advanced topics within international accounting standards with a focus on group accounting (for example intra-group transactions, business acquisitions and mergers). The students must be able to carry out a fundamental and critical analysis of regulations under IFRS.

The course also introduces the topic sustainability reporting, including legal requirements and reporting standards relating to the preparation of annual sustainability reporting. An increasing number of companies are now obliged to prepare sustainability reports, which auditors must attest to. In addition, auditors are often used as advisers in the process of preparing such reports. This is a professional field undergoing frequent development, and the regulations are extensive. This course aims to give students a solid introduction to the topic. To varying degrees, guest lecturers who are experts in sustainability reporting will be invited, either from the field of practice or academics.

In addition, the course will contain a third topic which may vary from year to year. The subject is part of a campus-based, professionally oriented full-time study program and active participation in lectures and seminars is expected from the participants. The teaching will be in Norwegian and English.

Learning outcome

Knowledge

After completing this course, the student is expected to have knowledge of:

• Advanced comprehensive knowledge in financial accounting
• In-depth knowledge of the accounting system, accounting regulation and key accounting concepts and principles
• Knowledge of key parts of accounting standards related to intra-group transactions, business acquisitions and mergers
• Knowledge of legal requirements and reporting standards relating to the preparation of annual sustainability reporting
• In-depth knowledge to critically analyze the financial statements and identify discretionary manipulation of the financial statements from an auditor and user perspective

Skills

After completing this course, the student is expected to be able to:

• Apply concepts and principles for recognition, accrual, measurement, presentation and notes to practical accounting problems
• Analyse complex accounting issues and make own reasoning
• Prepare group financial accounts and handle intra-group transactions, business acquisitions and mergers
• Identify key issues within sustainability, and assess whether companies report within the current regulations
• Read and assess the ESG reporting in a company's annual report
• Communicate central subject matter through relevant forms of expression
• Reflect on ethical issues within the subject
• Present and discuss independent analyzes of business economic issues alone or as a participant in a group

Required prerequisite knowledge

Exam

Coursework requirements

Course teacher(s)

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Study Program Director:

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Method of work

Open for

Course assessment

Literature